Automotive Industry

VW CEO Tells Managers He Expects ‘Significant’ Market Upturn

Automotive Industry - 2021-02-02

Volkswagen AG Chief Executive Officer Herbert Diess provided an upbeat outlook for the back half of this year even as Covid-19 and a global shortage of semiconductors is poised to hit first-quart...

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General Motors plans to be carbon neutral by 2040

Automotive Industry - 2021-02-01

GM has announced that it plans to become carbon neutral in its global products and operations by 2040 and has committed to setting science-based targets to achieve carbon neutrality...

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FOCUS-Hyundai wrestles with the risks of embracing Apple

Automotive Industry - 2021-02-01

Executives in Hyundai Motor Co Group are divided over a potential tie-up with Apple Inc, with some raising concerns about becoming a contract manufacturer for the US tech giant, dimming the outlook fo...

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German car supplier ZF Friedrichshafen stops combustion engine development

Automotive Industry - 2021-01-29

German car industry supplier ZF Friedrichshafen is to discontinue development for combustion vehicles, CEO Wolf-Henning Scheider said in an interview with the Frankfurter Allgemeine Zeitung ...

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Volkswagen Loses Title of World’s Top-Selling Carmaker to Toyota

Automotive Industry - 2021-01-29

Toyota overtook Volkswagen AG in 2020 to become the world’s top-selling automaker, the first time the Japanese group has clinched the position in five years...

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Nissan sets carbon neutral goal for 2050

Automotive Industry - 2021-01-28

Nissan has set the goal to achieve carbon neutrality across the company’s operations and the life cycle of its products by 2050...

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UK car production down -29.3% as coronavirus slams brakes on sector

Automotive Industry - 2021-01-28

UK car production declined -29...

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Audi CO₂ fleet average reductions exceed expectations

Automotive Industry - 2021-01-26

Worldwide success of e-tron SUV contributes significantly to 20% decrease in new passenger car fleet CO2 emissions of the Volkswagen Group versus 2019...

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Volkswagen looks to claim damages from suppliers over chip shortages

Automotive Industry - 2021-01-26

German car manufacturer Volkswagen is in talks with its main suppliers about possible claims for damages due to a shortage of semiconductors, a company Spokesman said on 24 January...

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Death of diesel looms as carmakers accelerate to electric future

Automotive Industry - 2021-01-26

The world’s biggest diesel engine factory in Tremery, eastern France, is undergoing a radical overhaul - it’s switching to make electric motors...

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Electric vehicles granted grace period to avoid Brexit tariffs

Automotive Industry - 2021-01-25

Electric vehicles traded between the EU and the UK have been given a grace period to prevent trade being slammed with tariffs, but battery producers need to start preparing now to meet the deadline, i...

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Volvo will triple EV output at Belgium plant

Automotive Industry - 2021-01-25

Volvo Cars is boosting production of full-electric cars at its plant in Ghent, Belgium...

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Stellantis synergies will ‘shield’ Fiat’s Italian factories, Tavares says

Automotive Industry - 2021-01-25

Stellantis CEO Carlos Tavares sought to reassure Italian workers that no plants would be closed as a consequence of the merger of Fiat Chrysler Automobiles and PSA Group, saying the combined strength ...

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Nissan to pause one UK production line on Friday due to COVID-19 supply disruption

Automotive Industry - 2021-01-22

Japan’s Nissan Motor company will pause production at one of its British production lines on 22 January due to supply chain disruption caused by the pandemic, and said it expects to resume ...

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E-offensive gains traction: Volkswagen Group significantly reduces CO2 fleet average in the EU

Automotive Industry - 2021-01-22

The Volkswagen Group’s e-offensive is gaining traction: deliveries of electric models in the EU including the UK, Norway and Iceland increased more than fourfold in the year now ended to a total...

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Hyundai's Czech plant expects rebound after 2020 output drops 23%

Automotive Industry - 2021-01-20

Output at Hyundai's Czech car plant fell 23% to 238,750 vehicles in 2020, hit by shutdowns during the coronavirus pandemic, although the factory expects a rebound in 2021...

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Semiconductor shortage will hit auto industry well into 2021

Automotive Industry - 2021-01-20

An ongoing shortage in semiconductor supply is disrupting production of parts and vehicles around the world...

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Audi delays output, idles 10,000 staff on chip shortage

Automotive Industry - 2021-01-19

A global semiconductor shortage is forcing Audi to delay the production of some high-end cars and furlough workers, its Chief Executive Officer told the Financial Times...

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Renault committed to stronger alliance with Nissan, chairman says

Automotive Industry - 2021-01-19

Renault plans to strengthen its collaboration with alliance partners Nissan and Mitsubishi even as it undertakes a major overhaul itself, Chairman Jean-Dominique Senard said in interviews with Japanes...

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BMW aims to double fully-electric vehicle sales in 2021

Automotive Industry - 2021-01-18

BMW said on 15 January that it aims to double its sales of fully-electric vehicles this year as the German carmaker and rivals race to release new models to comply with CO2 emissions targets...

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